MultiChoice Nigeria has revealed concerning financial results for the year ending March 31, 2025, highlighting significant challenges in its subscriber base and revenue generation. According to the results published in the material, the company is taking proactive steps to address these issues amid a tough economic landscape.
MultiChoice Nigeria Reports Loss of Subscribers
In its latest report, MultiChoice Nigeria disclosed a loss of 12 million active subscribers, with a staggering 77% of these losses occurring in Nigeria. This decline is largely attributed to the country's rising inflation and worsening economic conditions, which have impacted consumer spending on entertainment services.
Financial Strain and Revenue Decline
Additionally, the company faced a 44% decrease in subscription revenue, further underscoring the financial strain. In response to these challenges, MultiChoice has announced a reduction in the prices of its DStv and GOtv decoders. This strategic move aims to make entertainment more affordable and accessible for Nigerians as the company seeks to regain its customer base and stabilize its financial performance.
While MultiChoice Nigeria faces significant challenges with subscriber losses and revenue decline, Starlink's expansion in the country has also encountered major issues. For more details, see Starlink's service status.
